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there is a good deal of work happening in the background like the transition of the different payroll tax incentiv incentives. the tax and treasures office is beginning their implementation but the basic concepts are we we need to help business prepare for a transition. so in your binder is a - is information that we've put together so that if i go to a business association that i hand this out to walk them through. some of this i'm going to highlight on some of this. let's go to the first slide. next thank you. so as your well aware that now we have a 1.5 percent payroll for businesses in the city that have payroll over $250,000 i should say 2 hundred and 50 thousand one dollars. of a business is under 2 hundred and 50 thousand they don't pay the payroll taxed. so the grois receipts will phase over a 5 year period starting the tax year of 2013 so next year. and this phase is is to low both businesses and the city to have a smooth transition so that if for any reason the gross receipts is not bringing in as much money we are operating as a deficit but it the gross receipts is coming in a herself w
. tonight on "the willis report" wall street loves california's huge tax increase, but is it already backfiring? also, it started as a few hundred pages. now it is 70,000. tonight, the federal income tax on its 100th birthday. and what does the death of investment club tell us about the overall health of the market? "the willis report" is on the case. ♪ gerri: all that and more coming up. first, the fix that will only create more problems. democrats, once again, pushing for more tax revenue and putting a tighter squeeze on all of us. to get the u.s. out of the financial black hole, but washington only needs to look across the country to california to see how this will play out. with more on this, michael reagan, founder of the rating group. welcome back to the show. great to have you here. i need to get you to comment on to harry reid. this weekend talking about more taxes. he says, the american people are on his side. here he is. >> the american people don't believe in this bustier things. we believe that the rich should contribute. we believe we should fill those tax loopholes, g
. the president and senator reid old want more revenue beating one way or another, more taxes. and yes, the dow is turning away from backing off from 14,000. here we go, everyone. "varney & co." is about to begin. [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ from td ameritrade. all stations come over to mithis is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. stuart: we are going to call this a news alert. senator harry reid calling for more tax increases. in an interview on abc yesterday, he said tax revenue must be part of any deal to be part of the little defense cuts. here is senator reid. >> the american people are on our side, and america p
'll never stop trying to raise taxes. whether or not he can succeed i don't know. he comes out of a far left ideology that believes in class warfare and radical wealth restriction and to feed that you need tax revenue coming from the so-called 1% on whom he raised tax throw it the fiscal cliff deal. he knows the real now is with the mitting class so he is coming for you. so -- >> wait, wait. right there want you to listen to this. this is also what he said. >> can we close some loopholes and deductions that folks who are well-connected and have a lot of accounts and lawyers can take advantage of so they pay lower rates than the bus driver or a cop. can we close some those of loopholes? if you combine those things together then we cannot only reduce our deficit but we can continue to invest in things like education and research and development nat are going to help us grow. >> more spending. >> and when a guy like obama uses the word invest it means more government spending. he is not stopping trying to raise taxes and when he is talking about closing loopholes and deductions, that's somethin
, but anyone can help a foster child. ao taxing. the forms, the math. uh, that one. but, with free file from the irs, it can be far less taxing because free file does all the hard work for you, with brand-name tax software or online fillable forms. even better, free file is free and it's exclusively from the irs at freefile.irs.gov. she's done. give it a shot. when i take a picture of this check, it goes straight to the bank. oh. oh look the lion is out! no mommy no! don't worry honey, it only works on checks. deposit checks from your smartphone with chase quickdeposit. just snap a picture, hit send and done. take a step forward and chase what matters. >> reporter: welcome back to our continuing coverage. the quest for the comeback this is video from the mission district. courtesy of our helicopter a partnership with abc seven. the police are staging a large amount of police. i know there are going to be double the amount compared to one the 49ers a celebrated in the month of october. >> pam: a san francisco city officials have made a point of stressing to everybody they want you to have fun
away from its all-time high and a taxing debate in washington. president obama once again says he's going to seek to get new revenue to help bring down the deficit and specifically, he's now calling out carried interest tax breaks again. we'll see where that goes. plus, the story that everyone is talking about this morning, the ravens holding on to beat the 49ers in the super bowl after the lights went out for 45 minutes at the superdome. we're going to try to keep the lights on. "squawk box" begins right now. ♪ if you like it then you should have put a ring on it ♪ ♪ if you like it then you should have put a ring on it ♪ >> good morning, everybody. i'm becky quick along with andrew ross sorkin. joe kernen is on vacation today so we're joined by steve liesman. we're happy to have him here. our top story this morning, the market. we have assembled a trio of wall street's most respected voices to join us for the next hour. we have a lot to talk about this morning. plus, there is that issue of the lights going out at the super dole last night. officials say an abnormality in
body was buried there. >>steve: straight head, he vowed not to raise taxes and his state is thriving. now louisiana governor jindal says he wants to share his tips with our present. brian's exclusive interview with that man interview with that man next. [ woman ] ring. ring. progresso. i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. fox our financial advice is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] [ male announcer ] life brings obstacles. usaa brings retirement advice. call or visit us online. we're ready to help. learn more with our free usaa retirement guide. call 877-242-usaa. it's not what you think. it's a phoenix with 4 wheels. it's a hawk with night vision goggles. it's marching to the beat of a different drum. and where beauty meets bra
. a lot more to come including every look at a -- elected ridiculous tax bill. is the world's second-biggest company paying their share? and a ridiculous debate over a waitress showing a recede saying a tape was not paid by pastor. mandatory tips. stay with us. ♪ the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone likes 50% more... [ midwestern/chicago accent ] cheddar! yeah! 50 percent more [yodeling] yodel-ay-ee-oo. 50% more flash. [ southern accent ] 50 percent more taters. that's where tots come from. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. 50% more spy stuff. what's in your wallet? this car is too small. ♪ gerri: all right. tonight we're breaking down one of the most talked-about job firings of the week. a waitress at apple bees getting the boot for posting a picture of a receipt that was left by a pastor slamming the automatic gratuity added to his bill. the st. louis pas
wants more "revenue." >> and looking to expand it. >> republicans would have been blamed for any tax increase on the middle class. >> the end result being he takes more money off of wealthy people. >> it slows us down gradually. >> many can say texas don't matter. of course they will in the long run. stuart: here we come. what a perfect moment to throw it to dagen and connell. connell: good morning, everyone. dagen: america is a good bet. here to tell you why. connell: one of our guests in this hour could be the next energy secretary. dagen: more on the power outage and the record-breaking at cbs sports for that incredible game. connell: and cyber attacks, the white house considering action against china. dagen: i had the ravens, did you? by a field goal, 27-24. connell: nobody knows football like dagen mcdowell. clearly. dagen: stocks now has to do every 15 minutes, nicole petallides at the new york stock exchange. nicole: a good bet going. if yo you're betting on the mar, 14,000 mark a little disappointed today, we are pulling back, dow jones industrials down 116 points right now.
$84. they talked about payroll tax increases. it is in a more competitive environment. the easy way for walmart is over. a little bit of a pullback is expected. back to you. melissa: thank you so much. a big month in january. we get to the bottom line with elizabeth macdonald. why is this? >> you have been talking about that great rotation. we have not seen a start like this in 15 years. in the month of january alone. it surpasses what happened all of last year combined for all four quarters. the bears have left the building. the s&p forward earnings that we are looking at are still cheap versus the october 27 peak. the s&p 500 was trading at 13. if it hits 14, then you are talking s&p 1600. if it hits 16, you are talking s&p 1700. are we setting up a classic bear trap? that stock has gotten ahead of the economic recovery. we are seeing the togo war on whether or not we will have a downdraft by end of year. melissa: who is winning? >> though bulls are winning for now. if there is a pullback there, you could be in a downdraft air up. melissa: thank you so much. lori: this has been th
. can you talk about the payroll tax issue and how it is helping san francisco in the region? >> thank you, james, for the question. let me say i am happy to be here in silicon valley. i know the relationship with san francisco, the valley, san jose, is extremely important. i wanted to be down here to join these electors panel of guests as well. the payroll tax in san francisco had been one -- i was here about a year ago explaining twitter. as everybody knows, they were not only threatening, they were planning to leave the city of san francisco. they had already identified a building. they said, we are about to grow to about 2000 employees and we are quick to get taxed for that. we think that is not going to be our business model. so we fought through it, david chiu, jane kim and i, we started to discuss with them, met with them. the key thing was job growth for our city, coming out of the economic challenges. so we started a good conversation, started the central market tax exemption. we got something out of it, which was to potentially relocate. they responded by signing the lease an
to your attention last fall san francisco voters passed a tax-change measure. and the mayoral spokesperson in a later article indicated there likely could be more money from this new local tax measure that replaced an outdated one. to the extent that the office of disability, department of aging and adult services and mod can monitor the income from this new tax, i'm going to suggest that some of that extra money could be devoted to restoring some level of the cutbacks already made locally. but statewide is the larger issue. that is where the major changes have come. so i also wanted to alert you to a program called "a california budget for all of us." it's convening groups include well-known groups like the western center on law and poverty, health access, the california partnership, and the california immigrant policy center. the mantra is "restore, rebuild and reinvest." so this advocacy will be taken up by various groups including the california alliance of retired americans. there are four polices that are coming from this california budget for all of us. four polices for the coming
will get back to you if there are more details. the fbi is promising that in the next few hours. >> tax hike to high income earners. he may be going to the well again. the president insists he needs more money to reduce the deficit and will likely focus on a familiar target. white house correspondent wendell goaler tells us how that is going over. >> as the president headed to minnesota to talk about gun violence, republicans on capitol hill tried to keep the nation's attention on fiscal matters. >> we are having trouble in large part because spending is a problem. it is what is chasing jobs overseas and causing much anxiety about our future. >> sunday in a presuper bowl interview with cbs's scott kelly mr. obama said this year's tax changes shouldn't be the last. >> there is no doubt we need additional revenue coupled with smart spending reductions in order to bring down the deficit. he is not talking raising rates but closing loopholes especially those making money from investment pay a lower tax rate than income salaried or hourly wage earn ers. >> the average person doesn't have acc
for veterans and a proposed tax increase on beer and alcohol. this is 35 minutes. >> order. questions to the prime minister. alison seabeck. >> thank you, mr. speaker. this morning i had meetings with mine tieral colleagues and others and in addition to my duties in the house i will have other meetings today. >> alison sea beck. >> i'm hear to speak, it right a mother in his constituency should not speak of the bedroom tax and confirm why her minister be able to offer her son, serving in the magesty's armed forces either a home or a bedroom on his return from duty? >> the reforms to housing benefit that we're putting in place, i'll very happily look at the case, as the honorable lady says. but the reforms that are put in place have a very clear principle of the heart. there are many people in private rented accommodation who do not have housing benefits and can't afford extra bedrooms and we have to get control of housing benefits. we're now spending as a country $23 billion pounds on housing benefits and we have to get that budget under control. >> rebecca harris. >> do my honorable
kelly for a prefragame intervie. talked about the possibility of another tax hike. president obama talked about america's favorite past time football as millions of us were getting ready to watch the super bowl, he clarified comments. when he wasn't sure he would let his son play football. here's the latest response. >> it is a great support. i am a huge fan, but there's no doubt that some of the concerns that we have learned about when it comes to concussions have to give parents pause. as i said before i feel differently about the nfl. these are grown men, they are well compensated they know the risks that are involved. but as we start thinking about the pipeline, high school, college. i want to make sure we are doing everything we can to make the school safer. that means the game is going to evolve a little bit. for those of us who like to see a big hit and enjoy the rock em sock em elements of the game we are probably going to be occasionally frustrated. i know defensive players guess frustrated becauseth changes in the rules. we want to paining sure after people play the game
to the driving theme of his campaign. economic fairness. on the issue of revenue, he isn't done raising taxes on the wealthy. >> when you look at some of these deductions that certain folks are able to take advantage of, the average person can't take advantage of them. the average person doesn't have access to cay men island accounts, the average person doesn't have access to carried interest income. we just want to make sure that the whole system is fair. that it's transparent. that we're reducing our deficit in a way that doesn't hamper growth, reduce the kinds of strategies that we need in order to make sure that we're creating good jobs and a strong middle class. >> strong middle class. make sure the system is fair. it's game on for this president. joining me now is political strategist angela rye. thank you both for being with us. >> thank you, reverend al. >> jarret, let me go to you first. tax fairness is a big part of what the president wants to get done. take a look at this. there are many middle class households that are actually paying a higher tax rate than households that make ov
connection. and, in fact, that they would -- because they are not required to pay a state tax on the service connections, they would decrease the cost of our service connection by the cost of that tax, which is rough life $650,000. and their service connection would be subject to the same refunds as the pg&e service connection. so that we're at a very equitable basis, but realizing about a $650,000 initial savings on cost of service. it's worth noting also that the puc has additional energy-efficiency rebates that they have indicated that the transit center might be eligible for above and beyond those offered by pg&e. and that puc primarily, because they are primary hetchy and solar power that they are 100% greenhouse gas-free service to the tjpa. so in summary, the sfpuc is offering us an ongoing service rate that would be 10% lower than pg&e's. an initial cost of connection that is again roughly $650,000 less than pg&e's. and has a comparable level of reliability of service. and so the recommendation is that the board authorize staff to negotiate an agreement with puc. >> thank you. act
wanted to chalk up sweeping tax reform, look how he did it. >> the lack of enthusiasm for tax action in correct me if i'm wrong -- congress hasn't dampened this presidential road show. from hot and sunny florida he travels next week into new england, believing this grass-roots effort will make the difference in congress the >> the first weeks of his second term had the feel of a campaign event. chris: michael, this is interesting, the old go over the heads of the people. but these are really two tough issues. it's not like fixing the tax code, which changes all the time. you go after immigration, pathways to citizenship, and then the real issue of voting for gun control, which would -- could change your political career. >> this is the overture of a year-long process. they all degree on the broad couldn'tures but -- contours but when the rubber meeds -- meets the road, the issues like how many people can you actually bring? how many years to pay back your taxes? how big will the fines be? chris: and, howard, when are you going to shut down the border? and how long before repub
's paycheck went down as taxes went up. that will take $200 billion out of the economy. now you have got gas prices spiking. that's going to take even more money out of the economy just as the economy starts to slow down and contract. the timing as you said could not be worse. gregg: you are such a kill joy on a monday morning. stu varney. martha: so this spike at the pump appears to be no fluke but a part of an ongoing trend. gas prices have gone up for 18 consecutive days. 18 states have gas prices higher than the national average. they are feeling the pain of that more than the rest of the states. we are just getting started on this monday morning. gregg: ahead. a deadly chain reaction crash involving a tour bus. details on what investigators think went wrong in a live report. martha: president obama in his super bowl interview. he dropped a bit of news. he is pushing once again for increased revenues. there is only one way to get those these days when you have got an economy that's not growing. former president wash adviser karl rove is here with us next. gregg: a little boy in alabama s
used to be a line item in the budget, but you recall a couple of years ago there was a gas tax swap, a complicated maneuver to ensure that transportation funds continued to flow. the result is that the state transit assistance is now based on the details sales tax receipts. that is a fluctuating amount of money and therefore we only rely on the projections over the course of the year. so far it looks pretty good. the other big news is that the state is looking pretty good. troop prop 30 passed, significant dollars in projected revenue. so i think we find ourselves in a cautiously optimistic time. we'll be following that as the year unfolds. we participate in that process through various trade associations and our meeting, in fact, next week with the commit staff working on the bill to have california's law conform for the federal law. cap and trade another very large statewide issue. san francisco as a city family is engaging on that through our advocacy, our lobbyists, as well as the league of cities, california state association of counties and others who have an interest in maki
revenue is needed to bring down the deficit but believes it can be done without another tax hike. speaking to cbs news anchor scott pelley yesterday, the president said the u.s. can reduce its deficit by closing tax loopholes and making what he calls smart budget reductions. >> if you combine those things together, then we cannot only reduce our deficit, but we can continue to invest in things like education and research and development that are going to help us grow. >> well, today the president travels to minneapolis where he'll push for proposals to gun control durs his visit. susan mcginnis is in washington. good morning. >> good morning. this will be the president's first trip outside washington to push his gun proposalproposals. he's pushing for a big rally in support of this. in the meantime the senators are said to be preparing their own legislation very similar to the president's employee posal but conspicuously absent is the assault weapons ban. he takes his pitch for gun safety to minneapolis today. he wants congress to require universal background checks, limit how many bullets
obama had to say about spending and taxes last night on cbs news before the super bowl. >> there is no doubt we need additional revenue. coupled with smart spending reductions in order to bring down our deficit. and we can do it in a gradual way. >> so what does smart spending cuts mean? judd gregg is co-chair of the fix the debt campaign. robert reich is from the university of california at berkeley and author of "beyond outrage." both are cnbc contributors and we thank you for joining us. good to see you both. senator gregg, what's a smart spending cut? what's that mean? >> i don't know. i think it's a washington speak word for probably no cuts. >> no cuts? >> that's the tradition in washington. they say if it's not a good cut, don't make the cut. the fact is there's going to have to be decisions made here. taxes were raised at the end of the year. and we know we can't get to the fiscal responsibility we need without our entitlement accounts. they'll vo to step up. >> do you think we will actually see spending cuts on the entitlements? >> what i think is going to happ
? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> it hasn't sunk in yet. crazy. unbelievable. tough to put into words because it just really hasn't sunk in yet. i don't even think it's sunk in that we're here, let alone won the thing, so pretty cool. >> the way that game played out when it was 28-6 and the lights went out and whatever happened, i just knew with jim harbaugh being on the other sideline and all those years that we've been together, that that game was going to be a dogfight right to the end. that those guys were coming back. >> i just try to let my teammates at this moment know what we feel like. and last night when i had the conversation with them, you know, that just came directly from my heart to tell them what this feeling would feel like and what god has showed me and for us
session which topics included state of the economy, housing benefits for veterans and a proposed tax increase on beer and alcohol. this is 35 minutes. dispersed so they can go to the projects so desperately needed. >> order. questions to the prime minister. >> number one, mr. speaker. >> thank you, mr. speaker. mr. speaker, this morning i had meetings with ministerial colleagues and others, and in addition to my duties in the cells i shall have further such meetings later today. >> thank you, mr. speaker. is it right that a mother and my contingency may not -- confirmed by his minister, her son serving in her majesty's armed forces -- [inaudible] >> the reforms to housing benefit that we're putting in place, and i'm happy to look at the case of the honorable lady says -- [shouting] >> but they have a very clear principle out of their hard. there are many people who don't have housing benefit, who cannot afford extra bedrooms, and we have to get control of housing benefits. we are now spending as the country 23 billion pounds on housing benefits and we have to get that budget under co
raising tax rates? mr. obama makes news in his cbs interview. should scouting be open to gays? and byron pitts tells us how a killer once committed to a mental hospital got a permit by-to-buy 15 guns. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. the f.b.i. has stormed an underground shelter today, shooting to death a kidnapper and freeing a five-year-old boy unharmed. the boy, whose first name is ethan, had been held for seven days outside midland city, alabama. the family allowed us to show you his picture. the police say that ethan was kidnapped last tuesday from a school bus by 65-year-old jimmy lee dykes who neighbors have described as belligerent. mark strassmann is on the scene with the breaking news tonight. mark? >> reporter: scott, here's what happened in the final minute. two muffled bangs could be heard behind me in the direction of the shelter. an ambulance that had been parked nearby since the start of the standoff raced up the hill. about a minute later, local deputies and f.b.i. agents were patting themselves on the
-cent sales tax dedicated to water and sewer infrastructure. hunter: that sales tax counts for about a third of the revenue of the department right now. franklin: we got 75% of the voters to agree to tax themselves so that their children and their children's children could have clean water because we're investing in it now. hunter: there were no alternatives. the infrastructure was in dire straits. a lot of people didn't want to believe it had to be done, but it had to be done. what came out of those lawsuits by the upper chattahoochee river keeper were two consent decrees, focused on overflows. the intent is, city of atlanta, you need to keep the flows in the pipe. narrator: with the help of the funding the city raised, atlanta has been implementing an asset management plan that evaluates and addresses their infrastructure issues. hunter: it's a continuum. at one end, you have your regular maintenance that you do every day on the system, and at the other end, long-term planning so that every year we're repairing, replacing the right things, and we don't have to do it all at once, which is,
-run the care centers where basically your taxes pay for the government to free the day care center so you can then drop your kids off while you go to work. sort of a circular sounding system and it shows the actual effect is pretty small on fertility. for every 25% increase in the government spending on these programs there isn't a 0.6 increase on the rate in the short term so what is the difference then between france and the countries that you see the rates are much lower around 1.3 or 1.5 and the difference is cultural life think. we have places where there is a longstanding commitment to try to make family life work and the of been obsessed with all this demographic stuff right after the first world war. so it helps to take things seriously over the long haul in the demographic tide. >> host: i would like to come back to the things that countries are trying and what works and what doesn't. but let's back up a little bit and talk about the cause. what role does religion played? it seems to be an important predictor who is going to have children and who is not, but not religion in the sense
taxes. >> can we combine some smart spending cuts because there's still some waste in government, can we reform our health care programs in particular and can we close loopholes and productions that folks who are well connected and have a lot of accountants can take advantage of. there's no doubt we need additional revenue coupled with smart spending reductions in order to bring down our deficit. >> president also warned congress about the danger of alowing the sequester to go into effect. >> washington cannot continually operate under a cloud of crisis. that freezes up consumers, gets businesses worried. we can't afford the self-inflicted wounds. >> no another tweet david plouffe said message delivered to big audience on balanced budget, deficit reduction, economy growth. on abc, an unlikely name was invoked for direction. >> i think what we need to do is do some things mitt romney taungd abo talked about. he said there are tax loopholes that should be closed. there are efforts being made to only get rid of the sequester as it relates to defense. i repeat, $2.6 trillion already all comi
on amazon.com. tax time is coming and qualified taxpayers can get their return done at no cost. those who make $51,000 or less can get help from the irs income assistance program. those who are 60 and older can get for the tax counsel for the elderly program. log on to irs.gov for more information. turning to our medical alert, millions of americans tune in to the super bowl yesterday. the standard cuisine is not exactly healthy. all those chicken wings, chips, and beer may have the feeling guilty today, but new research from harvard university shows if you are feeling a little bigger interest in the jeans, you need to think about what you are eating when you eat. >> it is the first large-scale study by researchers that found when you need matters people who eat their big male of the day early lose more than those seat big lake. >> the earlier you eat, the more time you have to burn off the calories. >> the study looked at europeans, whose main meal of the day is lunch. those that done before 3:00 p.m. not only lost significant way, their last likely to develop diabetes. the timing of the
create thousands of jobs across the state. and we can do it without raising taxes. [applause] so please, let's stand together and let's stand together with the over 2500 construction workers. we want to put to work building world class schools across the state for our world class workforce and while we're at it, let's make sure those 2500 plus construction workers newly employed by the jobs bill, are our friends and our neighbors. right now we have a law on the book that is supposed to require that at least half of the workers on any construction project funded by state or local taxpayer dollars be montana residents but it is riddled with loopholes and it is not enforceable. when taxpayer money is funding a project, let's put montana companies and montana workers first. [applause] again, together we can work together to close these loopholes, expand the requirement to all projects too, not just construction. and let's also significantly increase the proportion of montana workers required on any state or locally-funded project. i hope you'll join representative amanda curtis and i to pas
tv to al-jazeera so he could avoid the higher tax rate. al-jazeera is owned by oil-country of qatar that made al gore and his cronies 15-- 500 million that had fewer viewirs than those on the test station of diluth, minnesota at 2:00 a.m.. his take 100 million . fossil fuel funds drilled out of a sand much a network that has a trade mark, balance covering osama bin laden . that is it of course, before bin laden was dispatched to a region where not even a deep drill bit can reach. he flies in fleist jets and drinkings more fuel than drinkings and living in a 20,000 square foot mansion. that uses more energy than some small countryings. >> that is not an issue for you. after you pay the fair share of taxings. and sphair me the self rightous high horse act of why you are a good protector of the environment. your high horse is a stick horse and phonep as a three dollar bill and you an illusion that you are keeping us from cooking in a hot box called planet earth. there are celebrity and environmentalist they don't agree with but i respect them. they are living out what they say. edbeckl
for about eight months now. but it to best way to a budget -- a balanced budget would be reinstating the tax on wall street transactions. there are quadrillions of dollars in turnover and a 1% tax would generate trillions of dollars in revenue. host: talk about your retirement strategy a little bit. host: there is not -- caller: there is none. that is the point. average people are in the same kind of predicament, not knowing what -- what do they call it? they want to have stability and predictability. where is it? host: when it comes to yourself, have you put anything away? caller: ipad, but it is all gone now. i would like to see a national infrastructure project. we could put people to work. host: steve from twitter -- host: next we're going to charlie. mississippi, independent line. caller: good morning. i am from jackson, where the capital is. i retired in 2009. it is a good thing. i was a civil servant. now in the state house there is legislation where some young republicans want to phase out our state retirement program for civil servants. house bill 486 allows people to just elect, if
made no money in the past five years. and don't get me started on taxes. put it together and adds up to big delays in retirement a new study shows nearly 2/3 of americans age 45 to 60, plan to put off the retirement. today's "money" power panel is help you to. spencer patton, steel vine investments the chief investment officer. peter schiff, europacific capital ceo and susan knox, former treasury department advisor under president obama. spencer, let me start with you, you talk about people retiring later and later, you blame the fed in part. >> i really do. the fed has done a tremendous disservice in robbing savers, people that are planning on retiring, the people that are not trading in the stock market, but most people setting aside money, the chance to be able to retire. you're seeing not only have they not just made money, they have lost money due to the inflation and withering away of the u.s. dollar as the fed just prints money endlessly. it's horrible and it's, just further pushing back retirement for people that can't afford a delay. melissa: peter has retirement become a th
the cuts, democrats call for a mix of tax increases, spending cuts, and republicans say the tax issue is closed. >> replace the president's sequester, we need the democratic colleagues to be serious about spending. i wish i could give the american people more cause for optimism, but we see the president's budget is late, and the senate has not had a budget in four years. >> the response from democrats, a spokesperson for nancy pelosi writes, "republicans need to stop governing by sound bites. the bill brought to the floor this week does not address the urgent needs of the american people, nor does it avert any of the upcoming g.o.p. manufactured crisis or the sequester which will destroy jobs, harm the recovery, and hurt the middle class." last evening, president obama said there's room to eliminate tax deductions and loopholes, mentioning carried interest. that's when investment advisers pay the lower capital gains rate rather than regular income tax rates. back to you. david: rich edson in dc. thanks. a look at jacob lew, the man the president picked to be the next president secreta
, or a suggestion that we need to impose a carbon tax, because that is designed to increase the costs. in my state of alaska, in a community like [indiscernible] a you come community on the river, they pay $6.90 for their diesel. that is how they heat their homes. when you suggest to them that the best thing to do is increase the price to decrease consumption, i do not know what the temperature is there this morning, but last week in the interior temperatures range between 45 degrees below zero and 50 degrees below zero. i cannot go back to alaska and tell people that the way that we tackle this is to increase your prices, demanding you to use less and limit your choices. that is not what a strong nation does. what a strong nation does is figure out how we advanced to the next stage, how we build out these clean technologies and diverse technologies that will allow us to do your choices. more and do it in a clean and environmentally responsible way. raising our energy costs, imposing the mandates, other heavy handed ideas but are out there for reducing greenhouse gas emissions, they will not pass.
. twitter is not alone. other major u.s. companies are reporting cyber at tax. what's behind all of this? an expert coming up. >>> a man tasered right in front of buckingham palace. why police say they needed to stop him from reaching the gates. jenna: quick look for you now at some of the stories coming up new next hour including this one. the week really getting off to a snowy start for people across the midwest. we'll take a look where the latest blast is heading next. >>> also a big show of force as the united states and south korea kick off a new round of war games but there are rising concerns that north korea is preparing for a new nuclear test that has a lot of folks worried. >>> scientists say a skelton found under an english parking lot is indeed that of the king richard the iii. jon: what? jenna: come on. how they solved a 500-year-old mystery they say and what the remains may tell us how the ruler died. a parking lot. jon: what is he doing under there? huh. a frightening scene right right now side buckingham palace in london. guards were forced to use a taser to stop a guy ar
, it is chuck hagel. his problem is not some tax, it is knowledge, elementary knowledge. he spoke about the government of iran as illegitimate the elected government. we know that the revolution of 2009 was part by the fact that it was a rigged election, an illegitimate economy. the clip i wanted you to show was the one in which he said, he was asked about the policy of containment. it was not a bad during issue. he says, yes, i support the administration's policy of containment. he then gets a note that says, i have been told that i made a mistake. of course i am not in support of that. a policy of this administration on containment is that it does not have a policy of containment. at which point democratic senator levin had to rescue him and said, in fact, the administration has a policy of containment, and it is to oppose it. he was clueless. >> colby? >> he was in the position where he had to dodge a little bit. let's go back to the exchange with senator mccain on the surge. the issue was never the surge when you talk about iraq. the issue, as senator nelson from florida said, going
.c., that would strengthen the innovation economy? >> i could go on about immigration and corporate tax policy reform, but i am a researcher, so i will not. >> and we have seven minutes. >> mayor lee said it perfectly. the fundamental thing that companies are looking for is to be engaged in the process. we use a term in computing called agile. we look for more ability and the possibility to work with us, iterate in the process, rather than what we often see as we call the waterfall, take-it-or- leave-it. flexibility and agility is what is most important. >> mayor lee? >> i have always thought of our city as being the gateway to the rest of the world. i have often talked, with companies, i want to be with you when you turn the corner. we want to be the city that treats international markets for your products. i do not know if you know this but we have 70 counsel general offices in san francisco, the highest number outside of washington, d.c. we want to make sure that our companies know we are not just in it for san francisco, the region. we have to tap international markets. they love hearing t
.6 million from the general reserve for the gross receipts tax implementation planning for fy 2012-13 and amending the salary ordinance and reflecting the addition of five positions this the treasury of tax collector. >> same hots same call this item is passed on the first reading. >> item 27. >> item 27 is performing work under city contracts. >> same house same call this resolution is adopted. >> item 28 is a resolution approving the fourth contract amendment with i c f resour for renybble contract change and resours and increasing the amount of contract by 20.4 million. >> this resolution is adopted item 29. >> item 29 is a resolution approvalling the prepayment and collection agreement between bay area water supply and public utilities chex for a term ending 2036. >> next item. >> item 30 is a resolution authorizing the department of emergency management to retrotively accept and extend an emergency management performance grant in the amount of 289.6000 for preparedness compatibilityings for the period of july 30, 2012 through june 2013. >> this resolution i
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